Worcester CDP Vermont Area Home Supply Charts

This page looks at a variety of Worcester CDP Vermont housing market data taken from the most recent 2022 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Worcester CDP depicts it has a Housing Units of 39 which is the smallest as measured by housing units of all the other places in the metropolitan area.

Figure 2 illustrates the housing density in the Worcester CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Worcester CDP depicts it has a Housing Density of 584.4 which is the third most of all other places in the greater region. The place with the highest housing density in the area is Plainfield CDP which depicts a density of 1022.5 (75.0% larger). Comparing housing density to the United States average of 39.5, Worcester CDP is substantially bigger. Also, compared with the state of Vermont, housing density of 36.2, Worcester CDP is markedly bigger.

In Figure 4, Worcester CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Worcester CDP depicts it has a Housing Unit Change of -18.8% which is the smallest when ranked by change in the housing units of all the other places in the surrounding region. The place with the highest change in the housing units in the area is Stowe CDP which shows a housing units of 70.6% (approximately 3.8 times bigger). Comparing change in the housing units to the United States average of 7.4%, Worcester CDP is approximately 2.5 times bigger. Also, benchmarked against the state of Vermont, change in the housing units of 3.4%, Worcester CDP is substantially bigger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Worcester CDP depicts it has a Renter Percent of 71.8% which is at the top of all other places in the greater Worcester CDP region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 28.2% which is the smallest in terms of owner percent of all the other places in the metropolitan area.

Worcester CDP Vermont Home Cost Charts

Looking at the housing data provided in Figure 7, the average Worcester CDP home price is illustrated for this community and a useful analysis of affordable housing. Worcester CDP shows it has a Median Home Value of $210,700 which is the third most of all other places in the greater region. The place with the highest median home price in the area is Montpelier which depicts a home price of $276,100 (31.0% larger). Figure 8 provides aggregate comparative data for the Worcester CDP Vermont metro area in terms of the median housing rental rate, apartment rent, etc. Worcester CDP indicates it has a Median Gross Rent of $930 which is less than most other places in the area. The place with the highest rental rates in the area is Waterbury which depicts a rental rates of $1,184 (27.3% larger). Comparing rental rates to the United States average of $1,163, Worcester CDP is approximately three-fourths the size. Also, compared with the state of Vermont, rental rates of $1,070, Worcester CDP is about 15.1% smaller.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Worcester CDP has one of the largest proportions of home price worth between $50,000 to $100,000 at 36% of the total and is ranked #3. Only #2 Marshfield (51%), and #1 Cabot CDP (62%) are larger. Second, it has the largest proportion of home price worth between $100,000 to $200,000 at 64% of the total and is ranked #1.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Worcester CDP shows it has a Median Owner Cost of $1,229 which is less than most other places in the metro area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Worcester CDP metro area. it has a Owner Cost as % of HH Income of 23% which is the third most cost as a percent of household income of all other places in the greater Worcester CDP region.

The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Worcester CDP shows it has a Median Home Value as Percent of Median Earnings of 350% which is less than most other places in the metropolitan area.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Worcester CDP depicts it has a Median Owner Costs-With Mortgage of $1,438 which is the second smallest in order of median housing cost of all the other places in the area.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Worcester CDP has the largest proportion of owner cost between $700 and $1,000 at 73% of the total and is ranked #1. Second, it has one of the largest proportions of owner cost between $1,000 and $1,500 at 27% of the total and is ranked #2. The only larger place being Marshfield with 28%.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Worcester CDP depicts it has a % of Income Owner Costs-With Mortgage of 24% which is less than most other places in the metropolitan area. The place with the highest cost as a percent of household income in the area is Stowe CDP which depicts a cost as a percent of household income of 37% (55.7% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Worcester CDP has the largest proportion of rent as a percent of income is less than 10 pct at 89% of the total and is ranked #1. Second, it has the second smallest as measured by rent as a percent of income is less than 10 pct of all the other places in the local area when sorted by rent as a percent of income is between 10pct to 20pct at 11% of the total.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Worcester CDP has the largest proportion of housing cost between $500 and $700 at 44% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $5,208 which is the third most median real estate taxes paid of all other places in the greater Worcester CDP region. The place with the highest median real estate taxes paid in the area is Stowe CDP which depicts a taxes paid of $10,001 (about twice as large). Comparing median real estate taxes paid to the United States average of $2,690, Worcester CDP is about twice as large. Also, benchmarked against the state of Vermont, median real estate taxes paid of $4,570, Worcester CDP is 14.0% larger.

Figure 22 shows the percentage of renters who pay for utilities in Worcester CDP Vermont. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. Worcester CDP has one of the largest proportions of pay extra for utilities at 39% of the total and is ranked #3. Only #2 Cabot CDP (56%), and #1 Stowe CDP (77%) are larger.

Figure 23 shows the rental rate distribution for this area. Worcester CDP Vermont has the largest proportion of rent between 300 and 500 dollars at 39% of the total and is ranked #1. Second, it has one of the largest proportions of rent between 500 and 750 dollars at 36% of the total and is ranked #2. The only larger place being Marshfield with 50%. Third, it has in the mid range of other places in the local area in terms of rent between 750 and 1000 dollars at 25% of the total.

Worcester CDP Vermont Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Worcester CDP has one of the largest proportions of With mortgage at 64% of the total and is ranked #2. The only larger place being Waterbury with 66%. Second, it has one of the largest proportions of With HELOC no Primary Mortgage at 36% of the total and is ranked #3. Only #2 Stowe CDP (41%), and #1 Plainfield CDP (68%) are larger.

Worcester CDP Vermont Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.6 which is the third most family members per housing unit of all other places in the greater Worcester CDP region. The place with the highest family members per housing unit in the area is Cabot CDP which depicts a family members per housing unit of 4.1 (15.1% larger). Comparing family members per housing unit to the United States average of 3.3, Worcester CDP is 9.0% larger. Also, compared to the state of Vermont, family members per housing unit of 3.0, Worcester CDP is 18.7% larger.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 4.1 which is the second smallest in terms of average number of rooms in a house of all the other places in the area. The place with the highest average number of rooms in a house in the area is Marshfield which shows an average number of rooms in a house of 6.9 (68.3% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1948 which is less than most other places in the surrounding region. The place with the highest year built in the area is Waterbury which depicts a year built of 1975 ( only slightly larger).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has one of the largest proportions of homes built between 2010 to 2019 at 5% of the total and is ranked #3. Only #2 Waterbury (15%), and #1 Cabot CDP (20%) are larger. Second, it has the largest proportion of homes built between 1980 to 1989 at 18% of the total and is ranked #1. Third, it has the largest proportion of homes built between 1960 to 1969 at 26% of the total and is ranked #1. Also, it has the largest proportion of homes built between 1950 to 1959 at 8% of the total and is ranked #1. In addition, it has the second smallest when ranked by homes built in 2020 or later of all the other places in the metro area as measured by homes built between 1940 to 1949 at 44% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the percentage of owner housing units the second smallest in terms of owner-occupied housing units of all the other places in the surrounding region at 28 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of 2 units at 51% of the total and is ranked #1.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has one of the largest proportions of value of homes built 1940 to 1949 at $217,900 of the total and is ranked #3. Only #2 Waterbury ($236,800), and #1 Montpelier ($292,100) are larger.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Worcester CDP residents. it has a Owner-Household Size of 2.1 which is less than most other places in the surrounding region. The place with the highest homeowner household size in the area is Marshfield which shows a homeowner household size of 3.8 (about twice as large).

Figure 37 shows the household size for renters. Worcester CDP depicts it has a Renter-Household Size of 2.9 which is the highest of all places in the greater Worcester CDP region. Figure 38 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2019 or later in the center range of other places in the local area at 9% of the total. Second, it has the smallest proportion of owners moved in 2010 to 2014 at 9% of the total. Third, it has the largest proportion of owners moved in 1990 to 1999 at 83% of the total and is ranked #1. Figure 39 shows the year that people who rent moved into the area. Worcester CDP has the percentage of renters moved in 2019 or later less than most other places in the surrounding region at 35% of the total. Second, it has the largest proportion of renters moved in 2010 to 2014 at 65% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 1989 which is the smallest in terms of median year that a home owner moved in of all the other places in the metropolitan area. Figure 41 compares the median year that renters moved into their home. Worcester CDP depicts it has a Renter Median Year Moved In of 2016 which is the third most median year that a renter moved in of all other places in the greater Worcester CDP region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the smallest proportion of homes using natural gas at 8% of the total. Second, it has the largest proportion of home using electricity at 92% of the total and is ranked #1.